Latest News
QuantCube has launched Port Congestion Indicators, giving hedge funds, asset managers and investment banks guide investment on port congestion ahead of the market and give early signals about problems in global supply chains.
Gabe Plotking, founder of struggling hedge fund Melvin Capital, has proposed returning capital to investors and granting the the right to reinvest in a new fund, according to a report by CNBC.
If agreed, the plan would see the current fund, which was down 21 per cent at the end of Q1 on the back of a 39 per cent loss in 2021, wound up by the end of June, with a new fund set to replace it from 1 July.
Plotkin would then avoid then be able to earn a performance fee from the new fund without having to
Two more managing directors are leaving Blackstone’s hedge fund solutions group according to a report by Bloomberg.
The report cites unnamed sources for the news that New York-based Tej Arora and Katherine Chan, both MDs in Blacstone Alternative Management’s special situations investing group, have resigned.
Arora previously held roles at Roystone Capital Management, ADK Capital, One East Partners and Luxor Capital Group, while Chan previously held positions at Millennium Management and Anandar Capital Management.
LPA, a capital market technology and advisory firm, has appointed Kristian Liiv as its new regional manager for Scandinavia.
Liiv will lead client relationships in Norway, Sweden, Finland and Denmark for LPA, and be responsible for the business development, strategy, and growth of the company’s activity in the region. He will be based in Stockholm, Sweden and will work to help LPA’s clients transform and digitalise their activity, maximise productivity and ensure regulatory compliance.
Kristian has over 20 years of international experience in the financial technology and banking sector, with major companies including FIS, Provenir, Klarna, SEB and Swedbank,
Pershing Square Holdings, the hedge fund headed up by Bill Ackman, has exited its Netflix investment racking up losses in excess of $400 million in the process, according to a report by Business Times.
The streaming service’s share price plunged on Wednesday (April 20) after it revealed a decrease in subscribers for the first time in a decade.
Pershing Square, which acquired 3.1 million Netflix shares in January, said in a statement that: “While Netflix’s business is fundamentally simple to understand, in light of recent events, we have lost confidence in our ability to predict the company’s future prospects with
The SEC is facing the possibility of legal action by hedge funds and finance industry groups over its plans to change certain market rules following the collapse of Archegos Capital Management (Archegos), according to a report by The Financial Times.
Due diligence specialist Castle Hall has launched DiligenceExchange, delivering in-depth industry intelligence for institutional investors.
DiligenceExchange (DXC) contains due diligence data on several thousand funds across traditional (stock and bond) and alternative strategies – hedge funds, private equity, venture capital, real estate, infrastructure and private credit.
Castle Hall’s standardized approach to due diligence data collection underpins the entire DXC program. Castle Hall uses a consistent scope and methodology to gather data from each asset manager/GP. The firm then completes independent “trust but verify” checks to protect against fraud.
SimCorp, an independent provider of SaaS (Software as a Service) investment management solutions, and StarQube, a Fintech providing a flexible suite of investment decision modules, are partnering to offer a comprehensive framework for applying data science in portfolio construction.
Combining StarQube with SimCorp’s integrated front-to-back investment management platform will offer mutual clients secure and easy access to a comprehensive investment decision platform, enabling them for quantitative research and portfolio construction and optimization. StarQube provides a state-of-the-art environment to create proprietary investment signals and back-test strategies; it is also an open-ended tool that provides research or quant teams with a wide
Maples and Calder (Ireland) LLP, the Maples Group’s law firm, has advised the first Irish regulated funds to be granted permission by the Central Bank of Ireland (CBI) to take exposure to crypto-assets.
The approval will enable two Qualifying Investor AIFs (a category of alternative investment fund which is restricted to professional investors) to obtain indirect exposure to bitcoin, by acquiring cash-settled bitcoin futures which are traded on the Chicago Mercantile Exchange.
This is the first approval of its kind since the CBI published guidance in August 2021 which opened the door to the possibility of Qualifying Investor AIFs
VG, one of Jersey’s largest independent providers of trust, corporate and fund solutions, has reshaped its senior funds team with Trevor Norman announcing his retirement from his role as director of VG, with effect from 30 April 2022, after 33 years with the company.
Norman joined VG in 1988 and most recently headed up the company’s funds and Islamic finance team, as well as overseeing both client-facing and internal matters. During his tenure Norman has been involved in several innovative transactions, including the first Jersey domiciled Shariah-compliant fund in 1996 and an award winning Islamic financial leasing (Sukuk) transaction in
